On April 1, 2022, Propel Corporation Paid $48,000 Cash for Equipment

Multiple Choice

On April 1, 2022, Propel Corporation paid $48,000 cash for equipment that will be used in business operations.The equipment will be used for four years.Propel records depreciation expense of $48,000 for the calendar year ending December 31, 2022.Which accounting principle has been violated?

A) Depreciation principle.
B) No principle has been violated.
C) Cash principle.
D) Expense recognition principle.